2-7 The PCAOB has responsibility for establishing auditing standards for public companies‚ while the Auditing Standards Board (ASB) of the AICPA establishes auditing standards for private companies. The ASB previously had responsibility for establishing auditing standards for both public and private companies. Existing auditing standards were adopted by the PCAOB as interim auditing standards for public company audits. 2-10 For the most part‚ generally accepted auditing standards are general rather
Premium Audit Financial audit Auditing
Leslie S Wakefield Employment Law of Business Mrs. Marianne Graham Week 6 Homework Determine whether the employee has a potential FLSA claim. Explain the legal basis for your conclusion. From an HR perspective list‚ explain and analyze five things an employer can do to insure compliance with FLSA and avoid claims. Based off the information I read and how I interpreted the information. I don’t believe that Mike Murphy has a potential claim under FLSA. According to the
Premium Overtime Employment Fair Labor Standards Act
99 Accounting Standard (AS) 6 (revised 1994) Depreciation Accounting Contents INTRODUCTION Definitions EXPLANATION Disclosure ACCOUNTING STANDARD Paragraphs 1-3 3 4-19 17-19 20-29 94 AS 6 (issued 1982) Accounting Standard (AS) 6* (revised 1994) Depreciation Accounting (This Accounting Standard includes paragraphs 20-29 set in bold italic type and paragraphs 1-19 set in plain type‚ which have equal authority. Paragraphs in bold italic type indicate the main principles. This Accounting
Premium Depreciation
Week 3 Assignments Chapter 7 7. Differentiate between the following: active income‚ passive income‚ and portfolio income. 13. Briefly‚ what is "material participation"? Why is the determination of whether a taxpayer materially participates important? 46. Mary Beth is a CPA‚ devoting 3‚000 hours per year to her practice. She also owns an office building in which she rents out space to tenants. She devotes none of her time to the management of the office building. She has a property management
Premium Real estate Taxation in the United States Corporate tax
Top 6 Accounting Mistakes to Avoid It is common to make accounting errors for all business entities. However‚ some of the common errors can be easily avoided with little caution that would save money‚ time and energy of your company and your employees. When accounting errors take place it becomes quite a difficult process to rectify them. Therefore‚ efforts should be made by both small and large corporations to avoid accounting mistakes‚ which may otherwise cost heavily to the business organization
Free Accountancy Accountant Backup
Homework Assignment: Week 1 Keller School of Management ACCT 573 Accounting Fraud Criminology and Ethics How can corporations ensure that their employees behave ethically? There are many things that a corporation can do to make sure that their associates are behaving in an ethic manner. Management must be ambitious and give enticements to work hard in the interests of stockholders and shareholders. Their behavior must also be analyzed to safeguard they do
Premium Criminology Ethics Business ethics
would provide a similar yield to maturity. If its marginal tax rate is 35%‚ what is LL’s after-tax cost of debt? 0.08 (0.65) = 5.2% 9-4 Cost of Preferred Stock with Flotation Costs Burnwood Tech plans to issue some $60 par preferred stock with a 6% dividend. A similar stock is selling on the market for $70. Burnwood must pay flotation costs of 5% of the issue price. What is the cost of the preferred stock? 60 x .06/70(1-0.05) 3.6/66.5 .0541= 5.41% 9-5 Cost of Equity - DCF Summerdahl Resorts’
Premium Stock Preferred stock Stock market
Federal Taxation 2/10/2013 Questions: 21-2‚ 21-13‚ & 21-26 Problems: 21-53 & 21-63 Homework Week Six 21-2. What are the eligibility requirements that a corporation must meet in order to qualify under Subchapter S? Answer: In order to qualify under Subchapter S‚ a corporation must be a small business corporation. The following additional requirements must be met in order to be a small business corporation: 1. Must be a domestic corporation 2. Must have no more than 100 shareholders
Premium Corporation Taxation
375 Week 5 HomeworkChapter 7 2. What assumptions cause the immediate-short-run aggregate supply curve horizontal? Why is the long run aggregate supply curve vertical? Explain the shape of the short-run aggregate supply curve. Why is short-run curve relatively flat to the left of the full-employment output and relatively steep to the right? The long-run aggregate supply curve is vertical because the economy’s potential output is set by the availability and productivity of real resources instead
Premium Supply and demand
Ratio = 1 - 0.40 = 0.60% Solution: D/A 60% 3-3 Market/Book Ratio Winston Washers’s stock price is $75 per share. Winston has $10 billion in total assets. Its balance sheet shows $1 billion in current liabilities‚ $3 billion in long-term debt‚ and $6 billion in common equity. It has 800 million shares of common stock outstanding. What is Winston’s market/book ratio? Winston market = $75 x 800 million = $60 billion Book Value = Assets ($10b in total asset) – Liabilities ($1b current liabilities
Premium Financial ratio Financial ratios Balance sheet